VISTA Token Surges 40x as EtherVista Aims to Create a Rugpull-Free Memecoin Launchpad

EtherVista, a decentralized exchange (DEX) that launched on Aug. 31 is attracting both attention and liquidity. As a result, its token is up over 40x in the last four days.

The DEX features a no-code launchpad, popularized by Solana-based Pump.Fun, and creator fees that can be optionally assigned to native smart contracts. The fees can then be hard coded for a variety of features, such as token auto-buys, or added to liquidity pools.

One primary feature of the creator fee method is its potential to incentivize transaction volume for “developers” in order to mitigate the quick rug-pull approach that many malicious actors have adopted.

Launchpads such as Pump.Fun are notorious for being littered with coins that have had their supply cornered or bundled by malicious actors. After the price goes high enough, the developers will sell all their tokens, cash in a quick buck, and attempt to run the scheme over again.

While no DEX can completely stop malicious actors, EtherVista’s approach may give secondary market traders a prolonged window of time to exit positions or take profit, as opposed to constantly worrying about a large percentage of a token getting dumped in a single block.

Unlike tokens with swap taxes, EtherVista’s token fees correspond to custom USDC amounts, and are charged in ETH. These fees are then distributed amongst the liquidity providers and token creators. Having a small set fee pegged to a fiat value allows buyers and sellers to trade in and out of tokens without chopping themselves up due to percentage-based taxes.

The whitepaper also cites the protocols intent to expand towards building ETH-BTC-USDC pools for lending, futures, and flashloans in order to build a decentralized economy around the dApp.

VISTA Token

The DEX’s native token, VISTA, is built as a “value-compounding deflationary token.” The token supply is capped at 1 million, and hard-coded burn mechanisms are set in place. It is financed by fees generated within the protocol.

The burn mechanic allows VISTA to “act as a hedge against inflation by tying activity to supply reduction and price floor growth, strengthening VISTA’s value with every transaction,” according to its whitepaper.